Recent content by mjamie

What is the name of your state? Illinois Does anyone know…if a life estate recipient disclaims his interest, does the remainder interest vest immediately? In the state of Illinois, it seems to be that the disclaimant is treated as though they predeceased the beneficiary, thus implying that the...

What is the name of your state? Illinois So, I have been trying to find creative ways for a life estate holder and remaindermen to sell inheritance, split net proceeds equally when each share is not equal, all while minimizing taxes and doing it while the land is in probate. :eek: Does anyone...

What is the name of your state? Colorado I recently met with an attorney to discuss an inheritance matter. It was a free consultation, but I did bring the will with me and he looked over it. The entire meeting took about 30 minutes and nothing was really resolved as nothing can be done right...

What is the name of your state? Colorado but probated in Illinois I have another thread going, but a new question. My father was left a life estate in farm land from his uncle. My two brothers and I were left remainder interest. My father is 56 years old now, so his life estate is valued at...

What is the name of your state? Colorado, but the estate is in Illinois :) My father’s uncle died and left land to my father as a life estate and the remainder interest to my two brother’s and myself. The four of us would like to sell the land which is currently in probate. The tax return...

What is the name of your state?What is the name of your state? Colorado I am currently undergoing a debt problem. I lived off of credit cards for a few years, using one to pay another, and now I have about $18,000 in debt. I got my first card when I was 18, (8 years ago), and I received...